Globalisation Flashcards
1
Q
tariff
A
tax on imports
2
Q
quota
A
a limit on quantity of a good a country allows in
3
Q
subsidy
A
government give tax breaks or money to domestic business make it more competitive against foreign goods
4
Q
trade liberation
A
removing protectionism
5
Q
FDI
A
investment by foreign business into another business in a different country
6
Q
TNC
A
transnational cooperation a business involved in multiple different countries
7
Q
positive multiplier effect
A
one initial investment creates many knock on effects
8
Q
austerity
A
cut government spending
9
Q
outsourcing
A
getting another company doing something for you often foreign
10
Q
A
